Breaking: Economy grew by 0.8 per cent in Q3
As ministers had hoped, today’s first estimate of GDP figures from the Office for National Statistics shows that the economy grew by 0.8 per cent in the third quarter of 2013. Citi had predicted 0.7 per cent, and while the economy is still 2.5 per cent below its pre-recession peak, ministers now have evidence of an upward trajectory, or, as the Treasury is describing it this morning, ‘real momentum’. The Tories will use this now to argue that Labour has got it wrong on everything, while Labour sticks to its line of welcoming the growth but pointing out all the other bad things. The sight of Ed Balls rather sourly remarking